Intel shares rose 2.1% in after-hours trading with investors relieved the results were no worse than feared.
The severity of the drop was driven in part by a $1bn writedown in the value of Intel's investment in Clearwire Corp.
Clearwire works on a new type of wireless broadband that Intel is building into its chips - but there are fears that the credit crunch will impede its business plans.
uper Talent INT-AIN1-C All-in-One USB2.0 Internal Card Reader
Saturday, April 4, 2009
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